Statoil CEO resigns amid corruption allegations

Statoil, Norway's biggest oil and gas firm, has confirmed that its chief executive Olav Fjell has resigned because of a police probe into possible corruption in the group's dealings with Iran.

Statoil CEO resigns amid corruption allegations
Tue, 23 Sep, 2003 - 11:31

Statoil, Norway's biggest oil and gas firm, has confirmed that its chief executive Olav Fjell has resigned because of a police probe into possible corruption in the group's dealings with Iran.

The news comes just after Chairman Leif Terje Loeddesoel stood down. This marks the biggest crisis for the group since it was partly privatised in 2001.

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CourtsHeathrowPlace: NorwayPlace: LondonPlace: TehranPlace: IranPlace: South ParsPlace: GulfPlace: Middle EastPerson: CEOPerson: Olav FjellPerson: ChairmanPerson: Leif Terje LoeddesoelPerson: Chief Financial OfficerPerson: Inge HansenPerson: FjellPerson: HansenOrganisation: StatoilOrganisation: Iran
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